PANews reported on August 30th that Greeks.live macroeconomic researcher Adam released a Chinese community briefing, stating: "The group is showing a cautious and bearish sentiment towards the current market. It is generally believed that Bitcoin has recently shown weakness, and the key price level of 108 is being repeatedly tested but lacks strong support. Members discussed the possibility that a death cross in the weekly MACD may lead to institutional and large investors exiting the market. At the same time, they are concerned about the potential volatility caused by the non-farm payroll data on September 5th, and believe that the current market lacks a clear direction. On-chain data shows $3.5 billion in selling pressure yesterday, but strangely, while Bitcoin plummeted, altcoins were relatively resilient. This unusual capital flow pattern has prompted in-depth reflection on the current market structure."PANews reported on August 30th that Greeks.live macroeconomic researcher Adam released a Chinese community briefing, stating: "The group is showing a cautious and bearish sentiment towards the current market. It is generally believed that Bitcoin has recently shown weakness, and the key price level of 108 is being repeatedly tested but lacks strong support. Members discussed the possibility that a death cross in the weekly MACD may lead to institutional and large investors exiting the market. At the same time, they are concerned about the potential volatility caused by the non-farm payroll data on September 5th, and believe that the current market lacks a clear direction. On-chain data shows $3.5 billion in selling pressure yesterday, but strangely, while Bitcoin plummeted, altcoins were relatively resilient. This unusual capital flow pattern has prompted in-depth reflection on the current market structure."
Greeks.live: The crypto community is concerned about the potential market volatility from the September 5th non-farm payroll data.
PANews reported on August 30th that Greeks.live macroeconomic researcher Adam released a Chinese community briefing, stating: "The group is showing a cautious and bearish sentiment towards the current market. It is generally believed that Bitcoin has recently shown weakness, and the key price level of 108 is being repeatedly tested but lacks strong support. Members discussed the possibility that a death cross in the weekly MACD may lead to institutional and large investors exiting the market. At the same time, they are concerned about the potential volatility caused by the non-farm payroll data on September 5th, and believe that the current market lacks a clear direction. On-chain data shows $3.5 billion in selling pressure yesterday, but strangely, while Bitcoin plummeted, altcoins were relatively resilient. This unusual capital flow pattern has prompted in-depth reflection on the current market structure."
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